OFF MARKET

229 Freshwater Drive
Douglas QLD 4814

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 165m2
Land area: 762m2
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Last updated 16 Dec 2024
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Property Details for 229 Freshwater Dr, Douglas

229 Freshwater Dr, Douglas is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2005. The property has a land size of 762m2 and floor size of 165m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
House
Year Built
2005
Floor Size
165m2
Land Size
762m2
Local Government
Townsville City
Lot/Plan
1840/SP172369

Last Listing description (October 2023)

SOLD By Santo Spinella & Phill Charlwood

Calling all investors, if you are looking for a long term investment that is very hands off, then look no further. This family home located in Douglas is currently leased to DHA (Defence Housing Australia) with potential further options to extend this until 2033!! Douglas is one of Townsville's most sought after locations, being positioned at the foot of Mount Stewart and within arms length of Townsville University Hospital (the largest hospital in QLD outside South East Queensland), Townsville's James Cook University, and of course one of Australia's largest Army Barracks. Townsville is proudly a supporter of the large local military population and this is why Defence Housing Australia has many great assets in the region.

The property features four bedrooms, all fitted with air conditioning and ceiling fans. Multiple living spaces offer so much space for the family to branch out and find a quiet corner. Low maintenance block and a solid brick and tile construction ensures the home will stand the test of time.

Great opportunities like this will not last long, so enquire today!!

Lease details:
Current weekly rent: $530 per week (Reviewed Annually)
Lease end date: 14/04/2024
Option Available: Current options are exhausted, but DHA has extended an Offer to extend Lease to 2033 (subject to final approval)
Right to Vary Available: N/A
(All Options/Variations are exercised at DHA's discretion)

DHA lease benefits:
DHA guarantee to pay the rent even if the property is vacant.
DHA Property Care, an all-inclusive service fee, covers a range of property related services.
The property is cleaned at the end of each tenancy period.
The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement)
A rental floor may apply to the DHA Lease Agreement (applicable to specific lease editions and applies to commencement rent).

This property is for sale on behalf of a Defence Housing Australia lessor and has a Defence Housing Australia lease in place. Visit dha.gov.au to learn the benefits of investing in Defence Housing Australia property.

In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.
Photos are supplied under agreement by DHA, and are for illustration purposes only.

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Property History for 229 Freshwater Dr, Douglas, QLD 4814

A timeline of how this property has performed in the market
Last Sold
$515,000
28 Sep 2023
  • 28 Sep 2023
    Sold for $515,000
  • 19 Sep 2023
    Listed for Sale $520,000
  • 17 Mar 2009
    Sold for $450,000
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About Douglas 4814

The size of Douglas is approximately 8.8 square kilometres. It has 24 parks covering nearly 13.2% of total area. The population of Douglas in 2011 was 7,184 people. By 2016 the population was 7,746 showing a population growth of 7.8% in the area during that time. The predominant age group in Douglas is 20-29 years. Households in Douglas are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Douglas work in a professional occupation. In 2011, 46.3% of the homes in Douglas were owner-occupied compared with 45.3% in 2016.

Douglas has 2,864 properties. Over the last 5 years, Houses in Douglas have seen a 66.53% increase in median value, while Units have seen a 36.77% increase. As at 30 November 2024:

  • The median value for Houses in Douglas is $644,333 while the median value for Units is $353,933.
  • Houses have a median rent of $520 while Units have a median rent of $450.
There are currently 7 properties listed for sale, and 20 properties listed for rent in Douglas on OnTheHouse. According to CoreLogic's data, 247 properties were sold in the past 12 months in Douglas.

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